I think that whole thing was a red herring for the liquidator/ASIC.....if the engineering was worth nothing.....why would the chairman take the IP/Engineering as security over his "debt" which the liquidator deemed as non commercial terms (8%/month). The liquidator got that calc wrong as 8%/month compounding monthly is 252%.
IGE Price at posting:
13.0¢ Sentiment: None Disclosure: Held
